When a company reacquires its own shares, the shares are effectively restored to authorized but unissued status.

Name: When a company reacquires its own shares, the shares are effectively restored to authorized but unissued status.
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When a company reacquires its own shares, they are considered "treasury stock" and are no longer considered outstanding. This means they are effectively returned to authorized but unissued status.

When a Company Reacquires Its Own Shares, the Shares Are